UAE Exempts Crypto Transfers, Conversion from Value-Added Tax
Recent amendments to the value-added tax (VAT) regulations in the United Arab Emirates (UAE) will exempt transfers and conversions of digital assets, including cryptocurrencies. This significant change is part of…
Mark Zuckerberg Surpasses Jeff Bezos as World’s Second Richest Person
Mark Zuckerberg has ascended to become the world’s second-richest person, surpassing Jeff Bezos according to the Bloomberg Billionaires Index. On Thursday, Zuckerberg’s net worth reached an impressive $206.2 billion, eclipsing…
Ripple Secures In-Principle License Approval from Dubai Financial Services Authority
Ripple, a prominent provider of crypto payments infrastructure, has taken a significant step toward establishing a foothold in the Middle East by receiving in-principle license approval from the Dubai Financial…
Bitcoin Dips While Gold Surges as Israel Promises Retaliation Against Iran
As tensions escalate in the Middle East, commodities such as gold and crude oil have seen a significant uptick, while Bitcoin has moved in the opposite direction. This divergence has…
Middle East Contributes 7.5% to Global Cryptocurrency Transaction Volume
The Middle East and North Africa (MENA) region has emerged as a significant player in the global cryptocurrency landscape, accounting for 7.5% of the world’s cryptocurrency transaction volume from July…
Dubai Intensifies Regulatory Measures for Crypto Marketing
Dubai’s Virtual Asset Regulatory Authority (VARA) is implementing stricter guidelines for the promotion of cryptocurrency investments within the country, marking a significant step towards enhancing investor protection and transparency in…
Bybit Targets Muslim Market with New Shariah-Compliant Crypto Offerings
Bybit, a leading player in the cryptocurrency exchange market, has unveiled new offerings tailored to align with Shariah principles, aiming to cater to the unique needs of Muslim investors. On…
Telegram’s New Rules: Phone Numbers and IPs Can Be Shared with Police
Telegram has updated its privacy policy to disclose users’ phone numbers and IP addresses to authorities if they are suspected of criminal activities. This change was first reported by Bloomberg…
Gold Hits New All-Time High as Bitcoin Rallies to September High Above $64K
The price of gold has reached unprecedented heights following a recent interest rate cut by the United States Federal Reserve, prompting crypto analysts to speculate on when Bitcoin might experience…
Emerging African Economies Poised to Become Leaders in Digital Asset Adoption
Emerging economies across Africa, particularly South Africa, are being recognized for their potential to become central hubs for digital asset operations. According to Ben Caselin, Chief Marketing Officer of VALR,…
Meta’s Appeal Fails in Kenyan Court, Content Moderators Continue Fight
Facebook’s parent company, Meta, has lost a key appeal in Kenya, allowing a lawsuit filed by content moderators to proceed. The Kenyan labor court ruled that Meta could be sued…
UAE Enhances National Crypto Regulation Through Strategic Dubai Partnership
The United Arab Emirates is making significant strides towards a unified regulatory framework for cryptocurrency operations across its territories. This move comes as the Securities And Commodities Authority (SCA), the…
Nigeria’s SEC Intensifies Actions Against Unregulated Cryptocurrency Exchanges
The Securities and Exchange Commission (SEC) of Nigeria is set to enhance enforcement actions against businesses and individuals engaging in cryptocurrency transactions without appropriate regulatory oversight. This announcement, made by…
Investigations Reveal Telegram as a Hub for Extremism and Crime
Telegram founder Pavel Durov was arrested in France last month, accused of failing to cooperate with law enforcement and being complicit in crimes committed through his platform. These crimes include…
Global Downtrend: Over 600 Bitcoin ATMs Decommissioned in Recent Months
In the first two quarters of Q3 2024, the global network of Bitcoin ATMs saw a significant reduction, with more than 600 units going offline. This trend, particularly pronounced in…
Meta Oversight Board Approves “From the River to the Sea” Slogan in Key Ruling
Meta’s Oversight Board has upheld the company’s decision to allow Facebook posts containing the phrase “From the River to the Sea,” concluding that a blanket ban on the slogan would…
Detained Binance Executive Seeks New Bail Amid Health Concerns
The trial of Tigran Gambaryan, a Binance executive currently detained in Nigeria, resumed on September 2, 2024. As the proceedings continue, Gambaryan’s legal team has filed a renewed motion for…
Qatar Unveils Regulatory Framework for Digital Assets
The Qatar Financial Centre (QFC), located in Doha, has launched a comprehensive regulatory regime dedicated to fostering the development and management of digital assets. This initiative is set to provide…
Nigeria Grants First Cryptocurrency Exchange License, Ushering New Regulatory Era
The Nigerian Securities and Exchange Commission (SEC) has awarded Quidax, an Africa-based cryptocurrency exchange, its inaugural provisional operating license. This landmark decision heralds a new phase of formal recognition and…
Nigeria’s SEC Awards First Operational License to Local Crypto Exchange Quidax
The Nigerian Securities and Exchange Commission (SEC) has taken a significant step forward in the regulation of the cryptocurrency sector by issuing its first provisional operating license to Quidax, an…